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oakland county michigan real estate: Hey Mr. Seller You Wouldn't Let Me Show Your House and You Lost a Sale - 08/09/11 10:33 AM
Attention home sellers. If you really want to sell your house, let Realtors working with buyers show it. I was recently working with a home buyer that needed a home as soon as possible. She really wanted to see a particular house but the sellers would not cooperate with reasonable showing requests. Instead, through their Realtor, stated "we will only allow showings this Sunday from 2:00 pm to 3:00 pm. The buyer was not available at that time and gave up on seeing the house. I showed her a few more houses in the next couple of days without any issues … (3 comments)

oakland county michigan real estate: How to Rent Your Oakland County Michigan Real Estate and Turn a Profit - 07/04/11 08:09 AM
Maybe you have a home on the market that isn’t selling, or maybe you own a vacation home that you don’t use often enough. Whatever the reason, you’re thinking about renting out your Oakland County Michigan real estate.

Being a landlord isn’t easy.  There are pitfalls that can prevent you from turning a profit and problems that can keep you awake at night.  Here are six tips to help reduce your stress and make a profit from your rental property:
Study the Oakland County Michigan real estate market and rental situation.  Take landlords who are successful in your area to … (0 comments)

oakland county michigan real estate: Attention Home Buyers! It Pays to be Nice. - 07/17/10 11:39 AM
I am an associate broker/attorney with RE/MAX Showcase Homes in Birmingham, Michigan. I frequently represent home buyers in southeast Michigan. I am a firm believer that smart buyers who really want a particular home should never make ridiculous offers and here's why. Unless the home you are interested in is bank owned, the seller has personal feelings attached to it. The seller may have raised a family there and/or taken great pride in upgrading and maintaining the home. The home may still have the growth chart on a door frame showing how tall Joey was when he was 3 years old on up. The … (12 comments)

oakland county michigan real estate: FHA Appaiser Does Hatchet Job and Kills Transaction - 01/22/10 05:28 PM
Well, the horror stories I have been hearing are now up front and center. I have been working with an FHA buyer.  We looked at about 15 homes in the area he is interested in. He made two full priced offers on two properties and he did not get them because he was not "highest and best". On the third property, priced lower than the other two with more square footage, he offered below list price with seller concessions. His offer was accepted. The FHA appraiser just came back with an appraisal at 62% of the sale price. The FHA appaiser … (8 comments)

oakland county michigan real estate: Do You Want Honest Feedback or Not? I do! - 01/01/10 09:21 AM
I have been working with a home buyer in Southeast Michigan and we have seen 25 homes in his price range. We have written a few offers but nothing accepted yet. I showed the buyer a few more homes yesterday all within a 1 mile radius. We will write an offer on the one that is the least expensive and in the best condition. The online requests for feedback came and I gave it to the two realtors whose listings have been excluded by my buyer. "Considering the condition of the home, it is overpriced." The agent responded with, essentially, an … (5 comments)

oakland county michigan real estate: It's Time For Realtors to Stand Firm on Not Doing Open Houses - 12/26/09 09:19 AM
Every year I order the results of the National Association of Realtors (NAR) Survey of Home Buyers and Sellers. I am particularly interested in How the Buyer Found His or Her Home in the last year because that determines where my marketing efforts will go to sell the homes that I list. Because the numbers pertaining to open houses are so dismal, it is no longer a category in the survey results. I do understand that open houses were more successful before personal computers and the internet but now, approximately 90 percent of buyers begin their home search on the internet. … (222 comments)

oakland county michigan real estate: Novermber 2009 Housing Market Snapshot for Selected Cities Oakland County Michigan - 12/24/09 09:49 AM
Market Updates

 
Residential Real Estate Statistics for SelectedCities in Oakland County MichiganNovember 2009 Compared to November 2008Information Source: November 2009 Metropolitan REALTOR®
Summary:With some exceptions, the trend of increased sales volume, decreased median sale prices and listing decreases continue.  At some point, this once in a lifetime opportunity for buyers will end.  Interest rates remain low and homes that were previously unaffordable are now affordable.  Add to that, the $8,000 First-Time home buyer tax credit and a new $6,500 existing homeowner tax credit that expires on June 30, 2010, and you have the best time to buy in the last 50 years.
Don't miss out!  … (0 comments)

oakland county michigan real estate: Market Snapshot For Selected Cities In Oakland County Michigan, August 2009 - 10/03/09 12:21 PM
Market Updates


Residential Real Estate Statistics for SelectedCities in Oakland County MichiganAugust 2009 Compared to August 2008Information Source: August 2009 Metropolitan REALTOR®
Summary:With some exceptions, the trend of increased sales volume, decreased median sale prices and listing decreases continue.  At some point, this once in a lifetime opportunity for buyers will end.  Interest rates remain low and homes that were previously unaffordable are now affordable.  Add to that, the $8,000 First-Time home buyer tax credit that expires on November 30, 2009, and you have the best time to buy in the last 50 years.
Don't miss out!  If you are considering buying, you can … (0 comments)

oakland county michigan real estate: Market Snapshot For Selected Cities in Oakland County Michigan-June 2009 - 08/07/09 11:04 AM
Market Updates


Residential Real Estate Statistics for SelectedCities in Oakland County MichiganJune 2009 Compared to June 2008Information Source: June 2009 Metropolitan REALTOR®
Summary:With some exceptions, the trend of increased sales volume, decreased median sale prices and listing decreases continue.  At some point, this once in a lifetime opportunity for buyers will end.  Interest rates remain low and homes that were previously unaffordable are now affordable.  Add to that, the $8,000 First-Time home buyer tax credit and you have the best time to buy in the last 50 years.
Don't miss out!  If you are considering buying, you can view the homes that I have … (4 comments)

oakland county michigan real estate: May 2009 Residential Sales Statistics For Oakland County Michigan - 07/21/09 03:38 PM
Residential Real Estate Statistics for SelectedCities in Oakland County MichiganMay 2008 Compared to May 2009Information Source: July 2009 Metropolitan REALTOR®
Summary:The May 2009 Sales figures reflect the continued trend of increased sales volume with decreased median sales prices.  The good news is that for Oakland County, listing inventory is down by 21%.  At some point supply and demand should stabilize.
These numbers also make it clear that buyers should buy now.  There has never been a better time to buy a home.  First-time home buyers should move even faster as the First-Time home buyer Tax Credit is set to expire on 12/01/2009.  Interest … (4 comments)

oakland county michigan real estate: Where Banks Are Concerned "Loss Mitigation" is an Oxy-moron! - 04/18/09 08:16 AM
It is time to vent. I am a RE/MAX Associate Broker/Attorney representing home buyers and sellers in Oakland County Southeast Michigan. I have a short sale listing where the seller has already submitted the hardship package to the bank. We have recently had a flood of offers and I immediately submitted them to the bank. I then called three times during the week that followed and finally, after one week spoke to a "loss mitigator" who I could barely understand due to a heavy foreign accent. I suspect this bank is outsourcing this task to India. That said, they have ordered … (6 comments)

oakland county michigan real estate: November 2008 Home Sales Figures Give Cause for Optimism - 01/13/09 11:18 AM
November 2008 home sales figures for Oakland County Michigan, as compared to November 2007, give cause for cautious optimism. For the county, sales are up 32% and listings are down by 18%. However, sale prices continue to drop. In Troy, Michigan median sale prices were down by 15% and in Royal Oak and Ferndale, prices tumbled by 21% and 41%, respectively. On the other hand, Birmingham and Bloomfield Hills saw inreases of 13% and 61%. So long as we don't see an increase in bank owned homes on the market we should start to see some stabilization of the housing market. If … (0 comments)